Modern Office Investment - Unit 3 Concept Park, Innovation Close, Poole

Reference: 6384/SGC
Status: SOLD
Property Type: Investment
Property Term: For Sale
Contract: For Sale
Size: 2178ft2
Price: £350,000

LOCATION

An end of terrace two storey office building constructed in 2007 and situated on a purpose designed office park of 5 other units within a landscaped setting.

The property is within an extensive area of commercial development at Mannings Heath.  Innovation Close is a cul-de-sac leading off Yarrow Road which in turns links to the A348 Ringwood Road, distributor route to the A35, M27/M3 Motorway network.

Poole Town centre with its intercity rail links and port is approximately 3 miles distant.

DESCRIPTION

Being built in 2007 the accommodation offers attractive, modern offices with suspended ceilings, Cat 2 lighting, raised floors, comfort cooling/heating units and wc’s on both floors.

ACCOMMODATION

Ground Floor    1074 sq ft NIA

First Floor         1104 sq ft

Total NIA          2196 sq ft

Eight designated car spaces

LEASE

The premises are let to Tripleplay Services Limited on a new 5 year full repairing and insuring lease from completion at a rent of £26,250 pax, being in our opinion market rent, no break clause.

THE TENANT

Tripleplay Services Limited was incorporated as a limited company in January 2009.  The company accounts filed to December 2017 show gross turnover of £5.32m and net profits before tax of £669,974.

The company has a D & B rating of 2A and a tangible net worth of £3,538m.

PRICE - Offers invited over £350,000

ENERGY PERFORMANCE CERTIFICATES

Assessment:  Band C (66)

The full EPC and recommendations report are available on request.

50.7438697, -1.9527138999999

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